S&P 500   4,242.79 (+0.32%)
DOW   33,030.30 (+0.08%)
QQQ   356.90 (+0.56%)
AAPL   172.38 (-0.01%)
MSFT   317.79 (+1.40%)
META   303.07 (+0.71%)
GOOGL   134.30 (+1.41%)
AMZN   126.30 (+1.27%)
TSLA   256.23 (+3.93%)
NVDA   436.52 (+0.31%)
NIO   8.71 (+1.16%)
BABA   84.06 (-0.57%)
AMD   101.34 (+1.26%)
T   14.50 (-1.89%)
F   12.01 (-0.50%)
MU   67.36 (-0.69%)
CGC   0.71 (+4.23%)
GE   107.94 (+0.17%)
DIS   79.06 (-0.60%)
AMC   7.93 (+1.02%)
PFE   33.60 (-0.88%)
PYPL   57.94 (+1.12%)
NFLX   376.83 (+0.02%)
S&P 500   4,242.79 (+0.32%)
DOW   33,030.30 (+0.08%)
QQQ   356.90 (+0.56%)
AAPL   172.38 (-0.01%)
MSFT   317.79 (+1.40%)
META   303.07 (+0.71%)
GOOGL   134.30 (+1.41%)
AMZN   126.30 (+1.27%)
TSLA   256.23 (+3.93%)
NVDA   436.52 (+0.31%)
NIO   8.71 (+1.16%)
BABA   84.06 (-0.57%)
AMD   101.34 (+1.26%)
T   14.50 (-1.89%)
F   12.01 (-0.50%)
MU   67.36 (-0.69%)
CGC   0.71 (+4.23%)
GE   107.94 (+0.17%)
DIS   79.06 (-0.60%)
AMC   7.93 (+1.02%)
PFE   33.60 (-0.88%)
PYPL   57.94 (+1.12%)
NFLX   376.83 (+0.02%)
S&P 500   4,242.79 (+0.32%)
DOW   33,030.30 (+0.08%)
QQQ   356.90 (+0.56%)
AAPL   172.38 (-0.01%)
MSFT   317.79 (+1.40%)
META   303.07 (+0.71%)
GOOGL   134.30 (+1.41%)
AMZN   126.30 (+1.27%)
TSLA   256.23 (+3.93%)
NVDA   436.52 (+0.31%)
NIO   8.71 (+1.16%)
BABA   84.06 (-0.57%)
AMD   101.34 (+1.26%)
T   14.50 (-1.89%)
F   12.01 (-0.50%)
MU   67.36 (-0.69%)
CGC   0.71 (+4.23%)
GE   107.94 (+0.17%)
DIS   79.06 (-0.60%)
AMC   7.93 (+1.02%)
PFE   33.60 (-0.88%)
PYPL   57.94 (+1.12%)
NFLX   376.83 (+0.02%)
S&P 500   4,242.79 (+0.32%)
DOW   33,030.30 (+0.08%)
QQQ   356.90 (+0.56%)
AAPL   172.38 (-0.01%)
MSFT   317.79 (+1.40%)
META   303.07 (+0.71%)
GOOGL   134.30 (+1.41%)
AMZN   126.30 (+1.27%)
TSLA   256.23 (+3.93%)
NVDA   436.52 (+0.31%)
NIO   8.71 (+1.16%)
BABA   84.06 (-0.57%)
AMD   101.34 (+1.26%)
T   14.50 (-1.89%)
F   12.01 (-0.50%)
MU   67.36 (-0.69%)
CGC   0.71 (+4.23%)
GE   107.94 (+0.17%)
DIS   79.06 (-0.60%)
AMC   7.93 (+1.02%)
PFE   33.60 (-0.88%)
PYPL   57.94 (+1.12%)
NFLX   376.83 (+0.02%)
NYSE:OFG

OFG Bancorp (OFG) Stock Forecast, Price & News

$29.33
+0.13 (+0.45%)
(As of 11:09 AM ET)
Compare
Today's Range
$29.03
$29.41
50-Day Range
$28.43
$33.66
52-Week Range
$22.34
$34.30
Volume
16,986 shs
Average Volume
252,085 shs
Market Capitalization
$1.38 billion
P/E Ratio
7.86
Dividend Yield
3.00%
Price Target
$37.00

OFG Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.1% Upside
$37.00 Price Target
Short Interest
Healthy
1.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of OFG Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$4 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Finance Sector

353rd out of 872 stocks

State Commercial Banks Industry

94th out of 182 stocks


OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

OFG Price History

OFG Stock News Headlines

OFG Bancorp (OFG) Receives a Buy from Wells Fargo
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
6 Reasons Why OFG Bancorp (OFG) Stock is Worth Betting on
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
What Makes OFG (OFG) a New Strong Buy Stock
5 Red Hot Stocks to Buy Now
OFG Bancorp declares $0.22 dividend
OFG Bancorp: A Comprehensive GF Score Analysis
OFG Bancorp Reports 2Q23 Results
Earnings Preview: OFG Bancorp
See More Headlines
Receive OFG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter.

OFG Company Calendar

Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Last Earnings
7/20/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Today
10/04/2023
Dividend Payable
10/16/2023
Next Earnings (Confirmed)
10/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
67103X10
Employees
2,253
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.00
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+26.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$166.24 million
Pretax Margin
36.88%

Debt

Sales & Book Value

Annual Sales
$641.30 million
Cash Flow
$3.85 per share
Book Value
$21.92 per share

Miscellaneous

Free Float
45,665,000
Market Cap
$1.38 billion
Optionable
Optionable
Beta
1.06
(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Jose Rafael Fernandez (Age 59)
    Pres, CEO & Vice Chairman
    Comp: $1.93M
  • Ms. Maritza Arizmendi Diaz CPA (Age 55)
    CPA, Esq., Chief Financial Officer
    Comp: $742.93k
  • Dr. Ganesh Kumar (Age 59)
    Chief Strategy Officer of U.S. Bus.
    Comp: $1.34M
  • Mr. Cesar A. Ortiz-Marcano CPA (Age 48)
    CPA, Esq., Chief Risk Officer
    Comp: $435.31k
  • Mr. Patrick J. Haggarty (Age 63)
    Managing Director of Commercial Banking
    Comp: $432.49k
  • Krisen Aguirre Torres
    VP Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman
    IR Contact
  • Mr. Hugh Gonzalez-Robison (Age 43)
    Gen. Counsel & Assistant Sec. of the Board
  • Ms. Jennifer Zapata Nazario
    Managing Director of HR
  • General Carlos A. Viña CPA (Age 56)
    Sr. VP of Oriental Insurance













OFG Stock - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OFG shares.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price forecast for 2023?

1 Wall Street research analysts have issued 1-year price objectives for OFG Bancorp's stock. Their OFG share price forecasts range from $37.00 to $37.00. On average, they predict the company's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2023?

OFG Bancorp's stock was trading at $27.56 at the beginning of the year. Since then, OFG shares have increased by 6.0% and is now trading at $29.20.
View the best growth stocks for 2023 here
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a increase in short interest in September. As of September 15th, there was short interest totaling 520,500 shares, an increase of 37.1% from the August 31st total of 379,600 shares. Based on an average daily volume of 217,000 shares, the short-interest ratio is currently 2.4 days. Currently, 1.1% of the company's stock are sold short.
View OFG Bancorp's Short Interest
.

When is OFG Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our OFG earnings forecast
.

How can I listen to OFG Bancorp's earnings call?

OFG Bancorp will be holding an earnings conference call on Friday, October 20th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Thursday, July, 20th. The bank reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.09. The bank had revenue of $170.50 million for the quarter, compared to analysts' expectations of $163.50 million. OFG Bancorp had a trailing twelve-month return on equity of 16.92% and a net margin of 25.19%.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share on Monday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for OFG
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 23.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

How do I buy shares of OFG Bancorp?

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $29.20.

How much money does OFG Bancorp make?

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.38 billion and generates $641.30 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.73 on an earnings per share basis.

How many employees does OFG Bancorp have?

The company employs 2,253 workers across the globe.

How can I contact OFG Bancorp?

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770.

This page (NYSE:OFG) was last updated on 10/4/2023 by MarketBeat.com Staff

My Account -